Guideline Value for AR AVENUE

Ar Avenue guideline value

The current guideline value of Ar Avenue in Melakottyur village, under the Gooduvancheri SRO, is Rs 1,800 per sq.ft. The land classification for this area is Mixed Special Type - I.

How the guideline value of Ar Avenue has changed

The guideline value for Ar Avenue has remained constant at Rs 1,800 per sq.ft since the 2017 revision. The 2023 revision also reflects this same value of Rs 1,800 per sq.ft, indicating no change over the six-year period.

For the years 2002, 2003, 2007, 2012, and 2024, the register has no figure for this street. Therefore, the only available revisions for Ar Avenue are from 2017 and 2023, both of which show a guideline value of Rs 1,800 per sq.ft.

Guideline values in Melakottyur

Currently, there are no specific village figures available for Melakottyur. Ar Avenue is situated within this village, and there are no other streets in Melakottyur under the Gooduvancheri SRO provided in the available data.

Stamp duty and registration fee for property in Ar Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value amounts to Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, bringing the total fees to Rs 1,62,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ar Avenue?

The Sub Registrar Office that covers Ar Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, in the Chengalpattu registration zone.

To find your specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Melakottyur

The guideline value is a crucial factor when registering property transactions in Melakottyur. It serves as a benchmark for determining the stamp duty and registration fees applicable on the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ar Avenue?

The current guideline value of Ar Avenue is Rs 1,800 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value for Ar Avenue has remained unchanged at Rs 1,800 per sq.ft from the 2017 revision to the 2023 revision. There are no figures available for the revisions in the years 2002, 2003, 2007, 2012, and 2024.

What are the stamp duty and registration fees for a property in Ar Avenue?

For a property measuring 1,000 sq.ft at the current guideline value, the total guideline value would be Rs 18,00,000. The stamp duty would be Rs 1,26,000, and the registration fee would be Rs 36,000, totaling Rs 1,62,000.

Which Sub Registrar Office covers Ar Avenue?

The Gooduvancheri Sub Registrar Office covers Ar Avenue. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, in the Chengalpattu registration zone.

What is the land classification of Ar Avenue?

The land classification for Ar Avenue is Mixed Special Type - I, which is important for understanding the zoning and usage regulations in the area.